EFRAG Update detailing its November and December developments
24 Dec 2013
The European Financial Reporting Advisory Group (EFRAG) has released a new issue of its EFRAG Update newsletter, summarising the discussions held at the 28 November EFRAG CFSS meeting and at the 17–18 December EFRAG TEG meeting.
The EFRAG Consultative Forum of Standard Setters (CFSS) held its meeting in preparation for the Accounting Standards Advisory Forum (ASAF) meeting of 5 and 6 December 2013. Topics discussed were:
- Profit and loss, other comprehensive income and recycling,
- Stewardship,
- Reliability,
- Definition, recognition and measurement of liabilities,
- IFRS 3 post implementation review, and
- Rate regulation.
Topics discussed at the EFRAG Technical Expert Group (TEG) meeting were:
-
EFRAG Paper The equity method: Measurement basis or one-line consolidation?
- Insurance contracts
- Macro hedging
- Conceptual framework
- Classification and measurement
-
Accounting for Long-Term Investment Business Models
- IASB ED on separate financial statements (equity method)
- IASB ED on annual improvements (cycle 2012-2014)
- IFRS 11 Joint Arrangements
Click for the EFRAG Update (link to EFRAG website).